Company Description
Brunswick Corp is the leader in several recreational sectors. The firm is the leading boat manufacturer, and its brands include Mercury and Mariner outboard engines; Mercury MerCruiser inboard engines; and Boston Whaler, and Bayliner boats. It is also the leading manufacturer of fitness equipment, under the Life Fitness and Hammer Strength brands. The firm also manufactures billiards equipment under the Brunswick and Contender brands.
Brunswick Boosts FY21 Outlook; Guides FY22 EPS Above Estimates
WASHINGTON (dpa-AFX) - While reporting financial results for the first quarter on Thursday, Brunswick Corp. (BC) raised its adjusted earnings and net sales guidance range for the full-year 2021. It also provided revenue growth guidance for the second quarter and initiated earnings outlook for the full-year 2022.
For fiscal 2021, the company now projects adjusted earnings in a range of $7.30 to $7.60 per share on net sales between $5.4 billion and $5.6 billion.
Previously, the company expected adjusted earnings in a range of $6.00 to $6.40 per share on net sales between $4.75 billion and $5.00 billion. On average, analysts polled by Thomson Reuters expect the company to report earnings of $6.44 per share on net sales of $5.05 billion for the year. Analysts estimates typically exclude special items.
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The global smart home gym equipment market is anticipated to grow at a CAGR of 9.2% during the forecast period. The growth of the market is driven by the increasing adoption of smart home gym equipment s majorly owing to the recent outbreak of COVID-19 in December 2019. Additionally, the advanced features of the smart gym equipment and online personalized training sessions that simplifies the exercising routine at home are also aiding the high adoption rate of the smart home gym equipment. However, the higher cost of home gym setup, extra space requirements at home are some of the major challenges for the market.
Monday s analyst upgrades and downgrades - The Globe and Mail theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
1. Unsatisfactory, 2. Improvement needed, 3. Meets Expectations, 4. Exceeds expectations, 5. Outstanding
Barbosa was elected to the council last November, along with Ed Danko, so the two council members were not part of the group that hired Morton, and on the campaign trail both had been intensely critical of the city and its administration. Danko’s criticism cooled considerably soon after his election. Barbosa’s was never apparent on the council itself: until his move against Morton at the April 6 meeting, when Barbosa got no support from any other council member, he had not voiced the sort of issues, concerns or criticism he did in his evaluation, which appears to have been influenced by that meeting and its aftermath.